BERLIN: Germany has again stated that financial investors should contribute in the future to the costs of helping Eurozone countries who are susceptible to going bankrupt due to over spending combined with the downturn in the World economy. Angela Merkel who was keen to reiterate that this compromise should happen ‘in the future’ after previously [...]
DUBLIN: The stock markets fell back today after some decent gains over the last two weeks mainly due to Irelands continuing uncertainty over its huge debt to GDP ratio. The dollar fell against the Euro, Yen and Swiss Franc due to the liquidity problems within the Euro zone. The threat that the debt crisis in [...]
LONDON: Childhood memories of cheap Pontin holiday breaks is common amongst large sections of the British public. A much loved British institution, Pontins has been around since 1946 when Fred Pontin opened his first hoilday camp at Brean Sands. But sadly, administrators have been called in which can only mean the end for Pontins [...]
PRESS RELEASE: ABPTA News (12 Nov 10) Video conference is an important element of corporate and small businesses. The release of the Blackberry’s Playbook which has been developed by Research In Motion in order to compete with Apples very profitable Ipad has some supplemental attributes which in turn separates it apart from others including the [...]
DUBLIN: The Euro fell against the dollar and sterling today due to uncertainty in the financial markets. Concerns about Ireland’s debt resurfaced when the cost of its borrowing increased to its highest level making the situation “serious”. Ireland’s debt problems has similar characteristics to the Greek bail out where Greece was in danger of defaulting [...]
LONDON: The decision whether to raise interest rates or keep them at 0.5% will be made by the Bank of England this week. Current thinking is that interest rates could stay the same and Quantative Easing (QE) will remain at £200 million for November. This may largely be due to the recent trade results which [...]
LONDON: The UK economy’s growth that has been under pressure since the worldwide recession and now the impending spending cuts from the coalition government has shown unexpected results today. According to Reuter’s news agency the economy grew significantly for the third quarter easing concerns that the economy is slowing and making it less likely for [...]
LONDON: There has been a surprising 3 pc increase in house prices across the UK except for Wales and the North West which dipped slightly. Other regions such as London saw 5 pc and the East Midlands 4.3 pc increase in property values. The 3 pc rise equates to adding around £7000 on the average [...]
UK banks and overseas banks operating in the UK are now liable for a new levy introduced by the government today. According to the BBC News website the legislation will encourage banks to take fewer funding risks and will be applied to all their global balance sheets. In a statement from the Finance Secretary explaining [...]
LONDON: The fiscal deficit that the UK has been suffering with under the Labour Government will be slashed dramatically by the new coalition government which is determined to bring spending under control. The Chancellor Mr George Osborne in a long speech inside Parliament announced dramatic spending cuts and reforms which he said are needed to [...]
